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2min chapter
Trump Pitches Voters on a Price Control for Credit Card Interest
Cato Daily Podcast
The Consequences of Interest Rate Caps on Vulnerable Consumers
This chapter delves into the effects of interest rate caps on payday loans, particularly during a presidential campaign. It analyzes a study from Illinois that showed how a 36% cap resulted in reduced loan availability and negatively affected the financial status of vulnerable consumers.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode